Fund NAV definition

Fund NAV means the official closing price or net asset value (NAV) or other liquidation value for the shares or units in the relevant Fund as published by the relevant fund manager, calculation or publication agent or administrator in respect of such Fund as per the relevant date;
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Fund NAV means the net asset value of the Fund, as calculated in accordance with Paragraphs 5.6 and 5.7.
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Fund NAV means the value of the Fund Assetsprevailing as at the close of business on the relevant Valuation Day, less all Fund Liabilities calculated on that Valuation Day. “Historical Financial Performance” means the historical financial performance of the Fund as summarized in Section 5 )“Fees, Charges, and Expenses”) of this Information Memorandum.
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Examples of Fund NAV in a sentence

  • After the pre-manager change period, CLIML paid the administration fee to Mackenzie for providing day-to-day administration services, including, financial reporting, communications to investors and securityholder reporting, maintaining the books and records of the Fund, NAV calculations, and processing orders for securities of the Funds.

  • Management Fees and Operating Expenses (cont’d)After the pre-manager change period, CLIML paid the administration fee to Mackenzie for providing day-to-day administration services, including, financial reporting, communications to investors and securityholder reporting, maintaining the books and records of the Fund, NAV calculations, and processing orders for securities of the Funds.

  • This could result in a noticeable decrease in the Fund NAV, in addition to the risk of suspending trading in a company in which the Fund invests.

  • The Fund may invest up to 10% of the Fund NAV in real estate investment traded funds.

  • The Fund Manager will take the necessary corrective actions and notify the CMA immediately in the event the Fund NAV is less than SAR 10 million (unless a waiver or deferral has been obtained from the CMA in this regard), and the Fund Manager may liaise with the CMA in this regard.

  • The Fund Manager will take the necessary corrective actions and notify the CMA immediately in the event the Fund NAV is less than SAR 10 million, and the Fund Manager may liaise with the CMA in this regard (unless a waiver has been obtained from the CMA in this regard).

  • The Fund Manager may seek finance for the Fund, provided that any borrowed amount shall not exceed 10% of the Fund NAV and that the period of such financing shall not exceed one year, except borrowing from the Fund Manager or any of its Affiliates to cover redemptions.

  • As such, capital markets decline during economic recessions, which could lead to the decline of the Fund NAV.

  • The Fund NAV is the value of the Fund divided by the number of Fund units outstanding, with the differing management fees and dividends to be paid on each Unit Type taken into account when valuing various Unit Classes, a fact that will change the various Unit Classes’ and Types’ proportion of the Fund’s value.

  • Fund NAV Suspension Event: means the suspension of the calculation or of the publication of the NAV of the Fund for a period longer that the NAV Suspension Cut-off Period.


More Definitions of Fund NAV

Fund NAV means the net asset value per unit or share of a Fund comprising the Benchmark Portfolio as communicated by the manager of the Fund on any Fund Business Day;
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Fund NAV means the sum of the NAV and the “net asset value” of each Parallel Fund, in each case as defined in, and calculated in accordance with the terms of, the applicable Parallel Fund Agreement.
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Fund NAV means on any date of calculation, an amount (determined, as applicable, in accordance with the Valuation Methodology) equal to the excess of
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Related to Fund NAV

  • Fund Source means any direct or indirect sum payable to the Contractor by the County pursuant to any lawful obligation.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Fund/SERV means NSCC’s Mutual Fund Settlement, Entry and Registration Verification System, a system for automated, centralized processing of mutual fund purchase and redemption orders, settlement, and account registration; “Networking” shall mean NSCC’s system that allows mutual funds and life insurance companies to exchange account level information electronically; and “Settling Bank” shall mean the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC’s then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Local fund means any of the local retirement funds for

  • Program fund means the program fund established under section 12D.4.

  • Fund Value means the separate account assets associated with the Variable Annuity Business.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Infrastructure fund means the renewable fuel infrastructure fund created in section 159A.16.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Economic Life means the number of years a property improvement is expected to be in service in a facility.

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • Special Fund means any fund other than the city general fund.

  • Fund Assets means the net assets of the Fund managed by the Subadviser for which the fee is being calculated;

  • Alternative Investment Vehicle means an entity created in accordance with the Operative Documents of a Borrower to make investments and that has the right to call on Capital Commitments directly from Investors.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.

  • Mutual Fund or “Fund” or “UTIMF” means UTI Mutual Fund, a Trust under the Indian Trust Act, 1882 registered with SEBI under registration number MF/048/03/01 dated January 14, 2003.

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities.

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations Pooled Fund Manager means such officer of the Host Partner which includes a Section 113 Officer for the relevant Pooled Fund established under an Individual Scheme as is nominated by the Host Partner from time to time to manage the Pooled Fund in accordance with Clause 8.2. Provider means a provider of any Services commissioned under the arrangements set out in this Agreement.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement: